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> Larger apartments are still low housing cost compared to an equivalent house do you have an argument or source for this? I'm having a hard time finding a goo

> Larger apartments are still low housing cost compared to an equivalent house do you have an argument or source for this? I'm having a hard time finding a good breakdown of property tax assessed per unit in an apartment building. I can look at sale prices of condos vs homes on zillow, and it looks like condos tend to be more expensive per square foot. is your statement only true under the assumption that the apartment will fit the same number of bedrooms in a smaller floorplan?

pchristensen 6y ago
I don't have a source. But conceptually, a condo or apartment generally has fewer square feet per bedroom, and doesn't include the land. I'm not sure how to capture this for rentals, but if you find a neighborhood with both apartments and single family homes, and look on Zillow, comparably size homes will cost more. I live in a house that's part of a condo complex (association, no private yards, no garages), and the exact same structure elsewhere in our neighborhood with a small (~3K sf) lot and a garage cost $200k more.
- leetcrew 6y ago
  I did find this article [0] that argues the opposite: that (high-rise) condos are indeed more expensive per square foot. the fewer square feet per bedroom could be enough to offset this. I guess it doesn't really matter what the reality is; you could still be right that people perceive apartment dwellers not to be paying their fair share of school funding. [0] https://financialpost.com/real-estate/condos-cost-more-than-houses-per-square-foot-but-in-some-markets-the-gap-is-closing https://financialpost.com/real-estate/condos-cost-more-than-...
  - pchristensen 6y ago
    Yes, towers cost more per sq ft, but I’m talking about local comps - a house in a neighborhood with towers would cost tens to hundreds of millions of dollars. In most of America, towers are rare. Think more of 3 story apartment buildings along suburban arterials - those are unquestionably less expensive than the houses between the arterials.

pchristensen 6y ago

I don't have a source. But conceptually, a condo or apartment generally has fewer square feet per bedroom, and doesn't include the land. I'm not sure how to capture this for rentals, but if you find a neighborhood with both apartments and single family homes, and look on Zillow, comparably size homes will cost more. I live in a house that's part of a condo complex (association, no private yards, no garages), and the exact same structure elsewhere in our neighborhood with a small (~3K sf) lot and a garage cost $200k more.

leetcrew 6y ago
I did find this article [0] that argues the opposite: that (high-rise) condos are indeed more expensive per square foot. the fewer square feet per bedroom could be enough to offset this. I guess it doesn't really matter what the reality is; you could still be right that people perceive apartment dwellers not to be paying their fair share of school funding. [0] https://financialpost.com/real-estate/condos-cost-more-than-houses-per-square-foot-but-in-some-markets-the-gap-is-closing https://financialpost.com/real-estate/condos-cost-more-than-...
- pchristensen 6y ago
  Yes, towers cost more per sq ft, but I’m talking about local comps - a house in a neighborhood with towers would cost tens to hundreds of millions of dollars. In most of America, towers are rare. Think more of 3 story apartment buildings along suburban arterials - those are unquestionably less expensive than the houses between the arterials.